Strength Seen in Nordson (NDSN): Can Its 11.8% Jump Turn into More Strength?

Company Overview - Nordson Corporation (NDSN) shares increased by 11.8% to close at $187.29, following a significant trading volume compared to normal sessions, despite an 18.7% loss over the past four weeks [1] - The company is experiencing strong momentum in its optical sensors and measurement & control businesses, driven by robust customer demand in nonwovens, packaging, consumer non-durable, and optical sensors product lines [1] Earnings Expectations - Nordson is expected to report quarterly earnings of $2.36 per share, reflecting a year-over-year increase of 0.9%, with revenues projected at $673.58 million, up 3.5% from the previous year [2] - The consensus EPS estimate for Nordson has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - Nordson is part of the Zacks Manufacturing - General Industrial industry, where another company, Gates Industrial (GTES), saw a 15.3% increase in its stock price, closing at $17.94, despite a -20.2% return over the past month [3] - Gates Industrial's consensus EPS estimate for its upcoming report is $0.33, representing a 6.5% increase from the previous year, with its Zacks Rank also at 3 (Hold) [4]